Reference no: EM132621657
Questions -
Q1. Units to be Assigned Costs
Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 66,900 ounces from the Blending Department. During the period, the Filling Department completed 71,700 ounces, including 9,500 ounces of work in process at the beginning of the period. The ending work in process inventory was 4,700 ounces.
How many ounces were started and completed during the period?
Q2. Equivalent Units of Materials Cost
The Filling Department of Eve Cosmetics Company had 4,000 ounces in beginning work in process inventory (60% complete). During the period, 46,000 ounces were completed. The ending work in process inventory was 8,000 ounces (25% complete).
What are the total equivalent units for direct materials if materials are added at the beginning of the process?
Q3. Equivalent Units of Conversion Costs
The Rolling Department of Keystone Steel Company had 400 tons in beginning work in process inventory (20% complete). During the period, 7,900 tons were completed. The ending work in process inventory was 1,000 tons (30% complete).
What are the total equivalent units for conversion costs?
Q4. Cost of Units Transferred Out and Ending Work in Process
The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $0.40 and $0.10, respectively. The equivalent units to be assigned costs are as follows:
|
|
Equivalent Units Direct Materials
|
Conversion
|
|
Inventory in process, beginning of period
|
0
|
1,600
|
|
Started and completed during the period
|
42,000
|
42,000
|
|
Transferred out of Filling (completed)
|
42,000
|
43,600
|
|
Inventory in process, end of period
|
8,000
|
2,000
|
|
Total units to be assigned costs
|
50,000
|
45,600
|
The beginning work in process inventory had a cost of $1,800. Determine the cost of completed and transferred-out production and the ending work in process inventory.